Barratt reports on positive market conditions

<p>Market conditions in the UK are positive, Barratt has stated.</p>

Housebuilder Barratt Developments has stated in its latest interim management statement that it believes market conditions are the most positive that have been seen for five years.

The company revealed that it has seen a strong performance between January 1st and May 5th, which it stated was due to higher consumer demand and improving mortgage supply.

Home buyers may have found it easier to make their way up the property ladder as a result of the Funding for Lending Scheme, which has resulted in a rise in mortgage lending.

Chief executive of Barratt Mark Clare said: "Our improved performance is being underpinned by stronger market conditions."

He added that the government's Help to Buy scheme, which offers a 20 per cent for homeowners to put equity loan towards the purchase of a property, has boosted the sector.

Following the release of the interim management statement by the firm today (May 9th), its share price has remained steady and at 16:09 BST it was down by just 0.19 per cent.

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